Strategas Macro Momentum ETF (NYSEARCA:SAMM) Short Interest Up 178.2% in July

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 7,343 shares, an increase of 178.2% from the June 30th total of 2,639 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 2,762 shares, the short-interest ratio is presently 2.7 days.

Strategas Macro Momentum ETF Trading Down 1.9%

Shares of NYSEARCA SAMM traded down $0.58 during trading hours on Tuesday, reaching $30.43. The stock had a trading volume of 2,240 shares, compared to its average volume of 4,315. The firm has a market cap of $28.60 million, a price-to-earnings ratio of 22.18 and a beta of 0.94. The business’s fifty day moving average price is $32.08 and its two-hundred day moving average price is $31.32. Strategas Macro Momentum ETF has a 52-week low of $26.42 and a 52-week high of $34.15.

Strategas Macro Momentum ETF Company Profile

The Strategas Macro Momentum ETF (SAMM) is an exchange-traded fund that mostly invests in total market equity. The fund primarily invests in 20-50 US equities selected through a tactical, macro momentum approach that looks for strong technical, momentum, and relative strength characteristics. The actively managed fund aims for a more defensive posture when the indicators turn negative. SAMM was launched on Apr 3, 2024 and is issued by Strategas.